iA Global Asset Management Inc. Has $1.87 Million Stake in Waste Management, Inc. (NYSE:WM)

iA Global Asset Management Inc. lowered its position in Waste Management, Inc. (NYSE:WM - Free Report) by 86.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,003 shares of the business services provider's stock after selling 59,472 shares during the quarter. iA Global Asset Management Inc.'s holdings in Waste Management were worth $1,869,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WM. Activest Wealth Management lifted its position in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider's stock worth $26,000 after purchasing an additional 120 shares during the last quarter. Fairway Wealth LLC raised its holdings in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider's stock valued at $36,000 after acquiring an additional 66 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Waste Management in the 2nd quarter valued at approximately $36,000. Fairscale Capital LLC acquired a new position in Waste Management in the 2nd quarter valued at approximately $39,000. Finally, DHJJ Financial Advisors Ltd. raised its holdings in Waste Management by 51.8% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 211 shares of the business services provider's stock valued at $44,000 after acquiring an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company's stock.

Insider Transactions at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Stock Down 2.1 %

Waste Management stock traded down $4.72 during mid-day trading on Monday, reaching $217.47. The company's stock had a trading volume of 1,520,480 shares, compared to its average volume of 1,612,807. The company has a market capitalization of $87.29 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 2.34 and a beta of 0.75. Waste Management, Inc. has a 12 month low of $172.30 and a 12 month high of $230.39. The business's 50 day simple moving average is $217.14 and its 200 day simple moving average is $211.27. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. As a group, research analysts anticipate that Waste Management, Inc. will post 7.31 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, December 6th. Waste Management's dividend payout ratio is presently 45.87%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WM shares. William Blair started coverage on Waste Management in a report on Thursday, October 3rd. They issued an "outperform" rating for the company. StockNews.com upgraded Waste Management from a "buy" rating to a "strong-buy" rating in a research report on Monday. CIBC increased their price target on Waste Management from $228.00 to $235.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Morgan Stanley increased their price target on Waste Management from $214.00 to $227.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets increased their price target on Waste Management from $213.00 to $220.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $229.33.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.